EUR/JPY Rises Above 167.50 After BoJ Rate Decision The EUR/JPY currency pair soared to its highest level since 2008, reaching 167.20 during the Asian trading session on Friday. This significant rise is largely attributed to the depreciation of the Japanese
Gold Price Steady Above $2,300, Awaits US Data During the Asian trading session on Thursday, the price of gold (XAU/USD) continued its steady movement, maintaining a position above the $2,300 mark. Investors are currently in a holding pattern, awaiting further
Yen Nears Intervention Threshold as BOJ Meeting Begins Yen traders are on edge as they recall September 2022, when Japan intervened to support its faltering currency following a central bank decision that maintained an easy monetary policy. The situation today
Apple’s Market Lead in China Slips as Q1 Shipments Drop 6.6% Apple has been dethroned as the leading smartphone seller in China during the first quarter of 2024, according to preliminary data released by research firm IDC on Thursday. The
Crypto Community Responds to BRICS’ Consideration of Stablecoin for Trade Settlement BRICS is stepping up its efforts to lessen its dependence on the US dollar by exploring the creation of a stablecoin for international trade. This initiative, highlighted by Russian
Yuan’s Global Expansion Efforts Face Domestic Setback As Chinese leader Xi Jinping pushes to enhance the yuan’s role in global trade and finance, he faces resistance from an unexpected quarter: mainland companies. Recent data from the People’s Bank of China
AUD/JPY Rises on Strong Australian Consumer Inflation Data The AUD/JPY currency pair continues its upward trajectory for the third consecutive day, recovering from initial losses earlier on Wednesday. This rally is supported by the release of unexpectedly strong Consumer Price
XAG/USD Dips Below $27.00 as Risk Appetite Grows Silver prices (XAG/USD) softened for a second day, hovering around $26.95 during the early European session on Tuesday. The market’s improved sentiment, driven by reduced fears of escalating Middle East conflicts, is
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations On Tuesday, April 23, Japanese Finance Minister Shunichi Suzuki provided insights into the outcomes of a recent trilateral meeting with U.S. and South Korean finance leaders, highlighting strategic preparations Tokyo is
UBS Upgrades Chinese Stocks to Overweight UBS Group AG has upgraded its rating for a prominent Chinese stock index to overweight, indicating a renewed confidence in the market’s recovery prospects. This upgrade, described as a rare and optimistic move in
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting The Japanese Yen (JPY) is currently facing significant pressure against the U.S. Dollar (USD), lingering near a multi-decade trough as Monday’s European trading session gets underway. This downward trend in the
Global Instability Overshadows Budget Projections Amid rising tensions in the Middle East and growing concerns about China’s economic slump, Australia has adjusted its international economic outlook, according to Treasurer Jim Chalmers. As the government prepares for the upcoming May budget,